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President meets IMF Managing Director

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva met with President Ranil Wickremesinghe to discuss vital economic matters during the United Nations General Assembly (UNGA) in New York, the President’s Media Division (PMD) said.

During the meeting, Ms. Georgieva and President Wickremesinghe delved into the ongoing financial sector reforms and the substantial progress made in debt restructuring initiatives, it said.

The IMF Managing Director commended the Sri Lankan Government for its effective measures in curbing inflation and nurturing a conducive environment for business growth, as well as the flourishing tourism industry.

She expressed her satisfaction with the government’s commitment to enhancing the overall economic landscape.

Foreign Affairs Minister Ali Sabry, President’s Secretary Saman Ekanayake, Ambassador Mahinda Samarasinghe, UN Permanent Representative Mohan Peiris and President’s Advisor Dinesh Weerakkody alongside senior officials representing both Sri Lanka and the IMF were present.

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Ex-chairman of Lindula-Talawakelle UC, remanded

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Former chairman of the Lindula-Talawakelle Urban Council – Asoka Sepala has been arrested today (June 02).

The Colombo Chief Magistrate has ordered to remand the suspect until June 11.

The former chairman has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) for causing a loss of Rs. 2.38 million to the government, during the issuance of a tender to lease stall belonging to the Urban Council.

It is said that instead of awarding the tender to the highest bidder, it was given to a lower bidder, resulting in the aforementioned loss.

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Halloluwa further remanded

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Former Director of the National Lotteries Board (NLB) – Thusitha Halloluwa, has been further remanded until June 04, by the Fort Chief Magistrate’s Court.

Halloluwa remains in custody over alleged misappropriation of government assets belonging to the NLB.

He was previously arrested and released on bail on May 02 over the alleged misuse of a computer and a mobile phone valued at over Rs. 470,000 during his tenure as the Acting Director of the National Lotteries Board.

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Electricity (Amendment) Bill challenged

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The Electricity (Amendment) Bill, which was recently tabled in Parliament, has been challenged in the Supreme Court.

Accordingly, the Supreme Court today (June 02) ordered that the petition filed by the Ceylon Electricity Board Engineers’ Union requesting a ruling that certain provisions of the Electricity Bill are unconstitutional be taken up for hearing on June 06.

The order was issued when the petition was taken up before a three-member Supreme Court bench comprising Justice A.H.M.D. Nawaz, Arjuna Obeyesekere and Priyantha Fernando.

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